A new Conservative government will put $4000 back in the pockets of new parents
The Hon. Andrew Scheer, the Leader of Canada’s Conservatives, revealed that as Prime Minister, he would make maternity benefits tax-free.
“Having a child is an exciting milestone in any person’s life, but it comes with added costs and pressures,” said Scheer at his announcement on August 20 at the Toronto child-care centre Kids Fun Town.“Across Canada, young parents are under pressure and worried about their future. They are looking for help and Justin Trudeau has proven that he cannot be trusted to deliver it.”
As Prime Minister, Andrew Scheer will remove federal income tax from employment insurance (EI) maternity and EI paternal benefits by providing a non-refundable tax credit of 15 per cent for any income earned under these two programs.
“The benefit to a Canadian with a salary of $50,000 would be approximately $4,000,” said “Parents should be able to enjoy the first months with their newborn and not worry about their bank accounts or the bottom line.”
Andrew Scheer and Canada’s Conservatives have a plan for you and your family to get ahead: lowering your taxes, living within our means, and putting more money in your pockets.
- In 2018, the Liberals and the NDP cost Canadian parents hundreds of millions of dollars in savings when they voted against a Conservative billthat would have brought immediate tax relief to families.
- All Canadian families will be eligible for this newbenefit.
- A new Conservative governmentwill provide a tax credit of an equivalent amount for residents of Quebec who receive benefits under the Quebec Parental Insurance Plan (QPIP).